Healthcare

Healthcare providers must respond to a raft of concurrent challenges from evolving patient needs to demographic trends, technological advancements and regulatory changes. Together these influences are forcing profound change in how the industry is structured, the services provided and its oversight.

The integration of digital health solutions, real-time analytics, electronic health records and telemedicine has influenced healthcare delivery, improved patient outcomes, and enhanced operational efficiency. However, for traditional healthcare companies, and government-funded services, many of these innovations may be out of reach due to budget constraints, creating a divided industry between the providers that can capitalise on these innovations and those that cannot afford to. 

In the UK the healthcare regulator Care Quality Commission (CQC) has been highly proactive to ensure standards in healthcare settings meet required standards, often requiring healthcare providers to take corrective action. At the same time, staff retention and recruitment are difficult while national minimum wages are hurting margins. 

Many Western economies, including the UK, also are managing an aging population and increased prevalence of chronic illnesses, prompting a rising demand for specialist care and innovative treatment modalities. In addition, there is a growing demand for specialised treatment facilities catering to children's health problems, reflecting the rising complexity of paediatric healthcare needs. More broadly, integrated health and social care systems is also escalating, requiring coordination and collaboration across diverse healthcare settings to address the complexity of patient needs. In some cases, this may require new business models to support profitable healthcare businesses. 

BTG Advisory can help healthcare providers navigate these market dynamics and modernise their business. Our team can help optimise performance and streamline processes, while maintaining a patient-centric care delivery focus. For example, we offer a diagnostic assessment that identifies viable cost reductions to address inefficiencies, achieve cash savings, optimise use of working capital to improve overall operational performance and cash flow generation.